World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


APEC provides boost to world economy, says Gita

APEC provides boost to world economy, says Gita

Surabaya, Indonesia, 20 Apr 2013 - APEC member economies are in a position to provide an added boost to the world economy and the multilateral trading system. This is vital to sustaining the gradual recovery that appears to be currently underway, said Gita Wirjawan, Indonesia’s Trade Minister when he opened the APEC Ministers Responsible for Trade Meeting on Saturday in Surabaya.

At their meeting this weekend, Ministers are discussing ways to support the multilateral trading system including attaining the Bogor Goals, achieving sustainable growth with equity and promoting connectivity. They have also gotten briefings from the World Trade Organization and the private sector.

“We gather here at a time when the global economy is believed to be improving although the road to recovery may be still bumpy,” explained Gita. “The world is increasingly looking at APEC as a new source for global economic growth.”

Gita acknowledged that increasingly economies in the Asia-Pacific view regional trade agreements as a way to reduce barriers to business and strengthen economic productivity.

The region is host to some development toward new trade configurations such as the ASEAN Economic Community, Trans Pacific Partnership, Regional Comprehensive Economic Partnership, China-Japan-Korea talks, as well as new sub-regional and bilateral initiatives.

But this trend does not undermine the value of strengthening the World Trade Organization.

Gita urged APEC to provide a big push for a successful 9th WTO Ministerial Conference in December in Bali. This is considered by some as the only window of opportunity to the Doha Round of negotiations.

“APEC has been an important forum that supports an open and rules based trading system, building upon the confidence to move together on opening up and reforms whether unilaterally, regionally or multilaterally.”

“APEC has always recognized the importance of complementing the economic integration with capacity building,” added Gita. “The world around acknowledges the role APEC has played in taking both collective and individual actions to address the economic challenges of modern times.”

Ministers will continue their meeting here in Surabaya on Sunday.

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Preliminary Results: MH17 Investigation Report

The Joint Investigation Team (JIT) is convinced of having obtained irrefutable evidence to establish that on 17 July 2014, flight MH-17 was shot down by a BUK missile from the 9M38-series. According to the JIT there is also evidence identifying the launch location that involves an agricultural field near Pervomaiskyi which, at the time, was controlled by pro-Russian fighters. More>>

ALSO:

At The UN: Paris Climate Agreement Moves Closer To Entry Into Force

The Paris Agreement on climate change moved closer toward entering into force in 2016 as 31 more countries joined the agreement today at a special event hosted by United Nations Secretary-General Ban Ki-moon. More>>

ALSO:

ALSO:

Gordon Campbell: On The End Game In Spain (And Other World News)

The coverage of international news seems almost entirely dependent on a random selection of whatever some overseas news agency happens to be carrying overnight... Here are a few interesting international stories that have largely flown beneath the radar this past week. More>>

Amnesty/Human Rights Watch: Appalling Abuse, Neglect Of Refugees On Nauru

Refugees and asylum seekers on Nauru, most of whom have been held there for three years, routinely face neglect by health workers and other service providers who have been hired by the Australian government, as well as frequent unpunished assaults by local Nauruans. More>>

ALSO:

Other Australian Detention

Gordon Campbell: On The Censorship Havoc In South Africa’s State Broadcaster

Demands have included an order to staff that there should be no further negative news about the country’s President Jacob Zuma, and SABC camera operators responsible for choosing camera angles that have allegedly made the President ‘look shorter’ were to be retrained... More>>

ALSO:

Gordon Campbell: On A Bad Week For Malcolm Turnbull, And The Queen

Malcolm Turnbull’s immediate goal – mere survival – is still within his grasp... In every other respect though, this election has been a total disaster for the Liberals. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news